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Mueller Industries (Mueller Industries) EBIT : $811 Mil (TTM As of Mar. 2024)


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What is Mueller Industries EBIT?

Mueller Industries's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $202 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $811 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mueller Industries's annualized ROC % for the quarter that ended in Mar. 2024 was 40.97%. Mueller Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 90.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mueller Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 15.62%.


Mueller Industries EBIT Historical Data

The historical data trend for Mueller Industries's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mueller Industries EBIT Chart

Mueller Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 191.77 228.44 648.85 876.84 846.45

Mueller Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 237.58 241.09 189.20 178.59 201.67

Competitive Comparison of Mueller Industries's EBIT

For the Metal Fabrication subindustry, Mueller Industries's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mueller Industries's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mueller Industries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Mueller Industries's EV-to-EBIT falls into.



Mueller Industries EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $811 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mueller Industries  (NYSE:MLI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Mueller Industries's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=733.7 * ( 1 - 25.72% )/( (1314.133 + 1346.203)/ 2 )
=544.99236/1330.168
=40.97 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2759.301 - 176.129 - ( 1269.039 - max(0, 317.138 - 2040.021+1269.039))
=1314.133

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2894.242 - 190.087 - ( 1357.952 - max(0, 361.281 - 2184.606+1357.952))
=1346.203

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Mueller Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=806.66/( ( (420.335 + max(462.533, 0)) + (424.336 + max(474.15, 0)) )/ 2 )
=806.66/( ( 882.868 + 898.486 )/ 2 )
=806.66/890.677
=90.57 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(351.561 + 380.248 + 39.173) - (176.129 + 0 + 132.32)
=462.533

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(424.406 + 356.869 + 45.379) - (190.087 + 0 + 162.417)
=474.15

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Mueller Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=810.541/5188.922
=15.62 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mueller Industries EBIT Related Terms

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Mueller Industries (Mueller Industries) Business Description

Traded in Other Exchanges
Address
150 Schilling Boulevard, Suite 100, Collierville, TN, USA, 38017
Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning most of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms worldwide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive. Most sales derive from the United States, but the company operates worldwide.
Executives
Steffen Sigloch officer: VP, Mfg and Engineering 8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
John B Hansen officer: President, Mfg Operations 8285 TOURNAMENT DRIVE SUITE 150, MEMPHIS TN 38125
Gregory L. Christopher officer: President - Standard Products 8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Scott Jay Goldman director 8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Herzog Charles P Jr director 9581 FOX HILL CIRCLE SOUTH, GERMANTOWN TN 38139
William C. Drummond director 1395 BRICKELL AVENUE, MIAMI FL 33131
Gary S Gladstein director SOROS FUND MANAGEMENT LLC, 888 SEVENTH AVE 3300, NEW YORK NY 10106
Anthony Steinriede officer: VP - Corporate Controller 8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Gary Westermeyer officer: President, Refrigeration 8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Gennaro J Fulvio director
Kristee Michelle Ford officer: Chief Information Officer 581 ROCKY JOE DRIVE, COLLIERVILLE TN 38017
Paul J Flaherty director C/O MUELLER INDUSTRIES INC., 8285 TOURNAMENT DRIVE SUITE 150, MEMPHIS TN 38125
Devin Malone officer: President, Streamline 2321 WICKERSHAM CV, GERMANTOWN TN 38139
Christopher Andrew Mitchell officer: President, Canadian Operations 198 PIONEER TOWER ROAD, KITCHENER A6 N2P 2H8
Elizabeth M Donovan director 400 E OHIO STREET, CHICAGO IL 60611